Ann: Non-Renounceable Entitlement Offer, page-25

First 25 Last

Share
Profile

Follow
Teddyward

9,392 Posts.

874

22/01/18

13:09

Post #: 30466606
Share

Originally posted by Warnie ↑

Here are some numbers to ponder.....did rush but they are pretty close to the mark

End Dec 2015
Revenue $779
Expenses $1,123,000
Accumulated losses $1,240,000

End Dec 2016
Revenue $260,000
Expenses $14,599,000
Accumulated losses $15,2500,000
Cash and cash equivalent left $7m

Half yearly to June 2017
Revenue $461,000
Expenses $3,300,000
loss $2,213,000 (even after another capital raise and gov handback of $900k)
Cash in hand as of June 30 $1.6m

June - Sept Q
Revenue $67,000
Expenses $1,500,000
Cash left $200,000

So in 3 years we have

Revenue $788,000
Expenses $22,950,000

At lets say $400 retail per drone, they have sold around 1800 in 3 years
For each drone they sell, the marketing alone is $5360 (per drone)

.................................................................

Ok now lets play fair
Forget about the $20m burnt on Roam-e just look at last 9 months

...............................................................

Dec 2016 - September 2017 (9 months)
Revenue $520,000
Expenses $4.8m
Cash $200k as of Sept 2017

**Say $400 revenue per drone sale = 1300 sales in 9 months ($520,000) revenue
= $3,692 cost per drone sale ??????

Sean's wage alone is 60% of the total revenue for the year
**Now they have their hand out for another $2m+ ?

........

Guesstimates:

Total by end of year (expenses) could well be $6m
What are the drones selling for now, Say $300?

Breakeven therefore is circa 20,000 drones at $6m expenses?
They have sold say 1500 by my guesstimates in past 9 months??

So will be about 2000 sales by years end.
Only doing 10% of what is required at current spend to break even, neverlone make money.

It will be a continual cesspit of money raising.

Expand

You are being so kind.
You IMO haven't accounted for the uplift from the value of all the freq flyer and hotel points . That doubles the income!!

But there is more

No not steak knives but ....

SAVE 50% OFF RRP
by using this discount coupon code "ROVA50"
Normal RRP is $299.95 - by using the above DISCOUNT COUPON CODE you will receive a 50% discount making the total purchase of $149.98 with FREE DELIVERY

Damm those discounts - can't wait for the special edition ROVA with stripe kit, turbo badges and the collectors edition of course.

It is a appreciating asset - imagine in 100 years time the collectibility of the only 2017 ROVA drone still in original packaging??

Last edited by Teddyward: 22/01/18

IOT Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play